Being a working woman in the UAE has never been a better time. With great success, the government has poured resources into female-led businesses.

Overall gender gap in the workforce was reported to be 64% in 2018 but the country is aiming towards one of the top 25 in the world for gender equality. Last year it was reported that 33% of female-owned firms in the UAE generated revenues over USD 100,000.

To attract women into entrepreneurship in the home to many initiatives and programmes, the UAE, RAKEZ Businesswoman License Package has been initiated. This was launched by Ras Al Khaimah Economic Zone which offers fast and affordable company setup with a range of benefits aimed at empowering businesswomen in the region.

What Is The RAKEZ Businesswoman License?

A UAE trade license package tailored to the female entrepreneur is the RAKEZ Businesswoman License. To empower women’s entrepreneurial dreams, this license was designed. It offers fast and professional company setup at an affordable price.

It includes everything you need – from office space to business support services.

Types of RAKEZ Businesswoman License Packages

Covering a range of industries there are eight license packages to choose from. They are:

• Commercial
• E-commerce
• Educational
• General trading
• Individual/professional
• Media
• Professional
• Services

RAKEZ offers a one-stop-shop solution that includes the use of shared office space, business cards, support with government services, and assistance with legal translations, logistics, recruitment and more. RAKEZ has created RAKSTARTER to offer entrepreneurs a zero balance bank account in partnership with RAKBANK.

You can open a UAE corporate bank account in a range of currencies, including AED, USD, GBP, and EUR with no minimum average balance if you have started your UAE business

How To Apply For The RAKEZ Businesswoman License

Firstly secure the services of a company formation expert such as Blackswan before making any license application. Blackswan can manage the entire process for you, like handling every step of your license and visa applications, and liaising with all relevant authorities on your behalf.

Your business activity has to be decided and clearly listed on your business license. With the freedom to list multiple activities, you can list every activity that applies to your business while the application process is on.

Choosing a company name is the next step in accordance with naming conventions like, no blasphemous or offensive language, no references to well-known institutions or any abbreviations of your name.

A legal entity like FZE or LLC has to be attached with no resemblance to any other company.

Black Swan will help you with these initial decisions.

Black Swan can manage the entire process for you to ensure smooth running. Black Swan can manage the entire process for you to ensure smooth running.

We’ll require the following documents to make your trade and NMC license applications on your behalf. This includes:

• Your signed application form
• A business plan
• Passport copies of each individual (Shareholder/s and General Manager)
• Original No Objection Certificate (if required)

They can also help you apply for your UAE visa and Emirates ID which involves four stages including a medical fitness test and biometric capturing that usually takes less than a week.

You can also sponsor others such as children, a spouse or domestic staff for their visas being holders of a UAE business license.

Main Benefits

• Easy on the pocket
• Two free additional activities
• 1 and 3-year packages Instalment Plan Options
• Option for a zero balance bank account
• 25% reduction on employee & dependent visas
• Eligibility for UAE Residence Visa

Start Your Business Today

By following the above steps, it is possible to obtain your RAKEZ Businesswoman License and launch your startup with minimal fuss. Blackswan can help you get your business up and running within a week or two by managing your license and visa application. You just have to relax for the green light to start trading,

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